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As of May 26 2023 7:02 UTC

The above table illustrates the year to date performance of various indices Skilling offers.

A trend in motion… US100 index trending higher

Chart 1 US100 Index May 26 2023 7:14 UTC

What can stop the US 100 index multi-month uptrend?

The index has continued to brush off headline market risk events.

Provided the upside momentum can remain intact the prospects for the trend to continue can not be ruled out.

• Upside for price to move towards a test of the April 7th, 2022 highs near 14,360?
• Downside risk for price to move lower towards the lower end of the multi-month price channel (see chart 1) $13,530s support?

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Today’s economic calendar

Traders should be on alert for any surprises in the latest US inflation data due today!

Source: Tradingview / J. Knobel May 26 2023 6:44 UTC

Big move on Nvidia Corp.

Did you capture the move?

What is Nvidia Corp.?

NVIDIA Corporation is the leader in visual computing technologies and the inventor of the graphic processing unit, or GPU.

The company's focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high-performance computing (HPC), gaming, and virtual reality (VR) platforms.

The company's partnership with almost all major cloud service providers (CSPs) and server vendors is a key catalyst.

Nvidia Corp. is now a $1 trillion company after reporting earnings.

The company made $7.2 billion in revenue during the first 3 months of 2023.

Nvidia is expecting $11 billion in revenue during the next 3 months.

The stock price jumped +24% yesterday as investors bet on the growth of AI and the potential for Nvidia to continue to profit from the AI growth trends.

The above chart illustrates Nvidia Corp. five day price move as of May 26 2023 7:40 UTC

• Nvidia Corp. Current price $378
• Current price facing very short term (1-13 days) resistance at $394, $408, and $422
• Current price very short term (1-13 days) supports at $365, $351, and $337

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